Exhibit 11. | Pennsylvania Commerce Bancorp, Inc. |
Computation of Net Income Per Share |
For the Quarter Ending June 30, 2006 | ||||||||||
Income | Shares | Per Share Amount | ||||||||
Basic Earnings Per Share: | ||||||||||
Net income | $ | 2,050,000 | ||||||||
Preferred stock dividends | (20,000 | ) | ||||||||
Income available to common stockholders | 2,030,000 | 6,088,360 | $ | 0.33 | ||||||
Effect of Dilutive Securities: | ||||||||||
Stock options | 280,607 | |||||||||
Diluted Earnings Per Share: | ||||||||||
Income available to common stockholders plus assumed conversions | $ | 2,030,000 | 6,368,967 | $ | 0.32 | |||||
For the Quarter Ending June 30, 2005 | ||||||||||
Income | Shares | Per Share Amount | ||||||||
Basic Earnings Per Share: | ||||||||||
Net income | $ | 2,555,000 | ||||||||
Preferred stock dividends | (20,000 | ) | ||||||||
Income available to common stockholders | 2,535,000 | 5,939,536 | $ | 0.43 | ||||||
Effect of Dilutive Securities: | ||||||||||
Stock options | 411,756 | |||||||||
Diluted Earnings Per Share: | ||||||||||
Income available to common stockholders plus assumed conversions | $ | 2,535,000 | 6,351,292 | $ | 0.40 | |||||
For the Six Months Ending June 30, 2006 | ||||||||||
Income | Shares | Per Share Amount | ||||||||
Basic Earnings Per Share: | ||||||||||
Net income | $ | 4,087,000 | ||||||||
Preferred stock dividends | (40,000 | ) | ||||||||
Income available to common stockholders | 4,047,000 | 6,071,214 | $ | 0.67 | ||||||
Effect of Dilutive Securities: | ||||||||||
Stock options | 284,199 | |||||||||
Diluted Earnings Per Share: | ||||||||||
Income available to common stockholders plus assumed conversions | $ | 4,047,000 | 6,355,413 | $ | 0.64 | |||||
For the Six Months Ending June 30, 2005 | ||||||||||
Income | Shares | Per Share Amount | ||||||||
Basic Earnings Per Share: | ||||||||||
Net income | $ | 5,016,000 | ||||||||
Preferred stock dividends | (40,000 | ) | ||||||||
Income available to common stockholders | 4,976,000 | 5,921,037 | $ | 0.84 | ||||||
Effect of Dilutive Securities: | ||||||||||
Stock options | 409,264 | |||||||||
Diluted Earnings Per Share: | ||||||||||
Income available to common stockholders plus assumed conversions | $ | 4,976,000 | 6,330,301 | $ | 0.79 |